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CHOROS System

  • #13,861
  • Edited Jul 27, 2018 5:35am Jul 26, 2018 7:08pm | Edited Jul 27, 2018 5:35am
Quoting kostas1
{quote} Exactly! Birdland's advice is the right one. Focus on one currency until you start "feeling it". Only then you can apply the Dance rules and anticipate what the pair will do. After 8 months on GU, only lately I will peek at the EU when GU seems noisy. But only 3 charts open at a time (H1, M15, M5). I open the M1 when I am close to enter or exit a trade. Also only one currency open at a time. Usually, I have open H1, M15, M5 of GU and the rest minimized (M1 GU, and EU H1, M15, M5, M1). Focus on ONE currency, learn the DANCE rules, use them...
This is what I need. Just reduced from 5 to 2 currencies and will more focus on pairs and their behaving. So far after three weeks all are in red. I know my weakness and working on it.

Good luck guys.
  • #13,862
  • Jul 27, 2018 1:31am Jul 27, 2018 1:31am
Good morning
I just been stopped on BE+2 on GJ short constrainment. Price then continued further down. When it was +6,5 pips, I moved my stop to BE.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ.png Size: 48 KB
  • #13,863
  • Jul 27, 2018 3:14am Jul 27, 2018 3:14am
Nice trade to start the day for +10
Attached Image (click to enlarge)
Click to Enlarge Name: 18-07-27GBPCADM15.png Size: 34 KB


For one pip it didn't go to my TP, at the end BE
Attached Image (click to enlarge)
Click to Enlarge Name: 18-07-27EURJPYM15.png Size: 35 KB


Done for the day since red news is coming and there isn't much movement in the market.

Happy to see the thread is gaining some popularity again and new traders joining the dance
  • #13,864
  • Jul 30, 2018 8:46am Jul 30, 2018 8:46am
EU H1, first touch 10
kicked out at round number
19 pips.
Guido
Attached Image (click to enlarge)
Click to Enlarge Name: GBEbrokers-Live - [EURUSDc,H1] 2018-07-30 15.44.34.png Size: 23 KB
Risiko birgt immer auch die Chance.
  • #13,865
  • Jul 30, 2018 10:27am Jul 30, 2018 10:27am
Where is the touch?
Stochastic and Heikin Ashi
  • #13,866
  • Jul 30, 2018 11:02am Jul 30, 2018 11:02am
You´ll know after reading a couple of pages in this thread.
Risiko birgt immer auch die Chance.
  • #13,867
  • Edited 12:00pm Jul 30, 2018 11:30am | Edited 12:00pm
EA m5 constrainment on 35 Sma-- higher TF confirmed.
I took 11 and kicked about 80% of my position out.
Let the rest run-- SL to BE.

So Fare-- the best trading month since 2008.

Now we are in the summer vacation time, many charts/instruments move slow or sideways.
But dance is when the music plays.
I´ll be back in a couple of weeks.


Was nice with you ;-)

Guido
Attached Image (click to enlarge)
Click to Enlarge Name: GBEbrokers-Live - [EURAUDc,M5] 2018-07-30 18.59.05.png Size: 33 KB
Risiko birgt immer auch die Chance.
  • #13,868
  • Jul 30, 2018 12:23pm Jul 30, 2018 12:23pm
Quoting Sesamstrasse
You´ll know after reading a couple of pages in this thread.

Anyway
Stochastic and Heikin Ashi
  • #13,869
  • Jul 30, 2018 12:34pm Jul 30, 2018 12:34pm
Quoting Sesamstrasse
So Fare-- the best trading month since 2008. Now we are in the summer vacation time, many charts/instruments move slow or sideways. But dance is when the music plays.
Well for me it's a losing month, but I started trading this strategy only from beginning of July. Im back to basic dance rules with only GBP/USD 3 TF charts. It is slow month indeed, but there is always at least one or two signals.
Have a good holiday.
  • #13,870
  • Jul 31, 2018 2:29am Jul 31, 2018 2:29am
Slow markets...

Attached Image (click to enlarge)
Click to Enlarge Name: 18-07-31GBPJPYM15.png Size: 45 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 18-07-31EURJPYM15.png Size: 44 KB



total 25 pips
  • #13,871
  • Jul 31, 2018 3:54am Jul 31, 2018 3:54am
Morning guys.

When do you guys moving your SL to BE on GU?. I had several trades, where after price went to +6, +7 pips, I moved my Sl to BE+1, my stop been hit a then price continued in the right direction. Thanks.

This is my trade from this morning. GU
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 78 KB
  • #13,872
  • Jul 31, 2018 4:17am Jul 31, 2018 4:17am
My second trade today GU ema 10 touch after EU news. Target was just under daily R1. Profit +11,8 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: GU2.png Size: 80 KB
  • #13,873
  • Jul 31, 2018 4:19am Jul 31, 2018 4:19am
Move it to BE when the reason why you entered the trade is no longer valid. That, however, requires experience. Or use flexible TPs in the first place.
Stochastic and Heikin Ashi
  • #13,874
  • Jul 31, 2018 9:56am Jul 31, 2018 9:56am
I took another 4 trades on GU through US session, but only one ended up in profit. First I anticipated bounce from ema 10, didn't happened, then bounce from sma35/ema50 Sl been hit, then I anticipated bounce from confluence of 1H sma35/ema50 and 4H sma35/ema50 SL hit again and last trade was bounce from weekly pivot + 9,6 pips.
So today statistics : +1
+11,8
-6,2
-12,1
-12,2
----------
-8,1 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GU obchod 4,5,6 31.7.18.png Size: 60 KB
  • #13,875
  • Jul 31, 2018 10:02am Jul 31, 2018 10:02am
Quoting Chrobakx
I took another 4 trades on GU through US session, but only one ended up in profit. First I anticipated bounce from ema 10, didn't happened, then bounce from sma35/ema50 Sl been hit, then I anticipated bounce from confluence of 1H sma35/ema50 and 4H sma35/ema50 SL hit again and last trade was bounce from weekly pivot + 9,6 pips. So today statistics : +1 +11,8 -6,2 -12,1 -12,2 ---------- -8,1 pips {image}
I just can say:
As cleaner the chart is , as better the market is to read.

All your MA´s from higher TF´s -- Can YOU read them?
-What means flat-
-First touch or second??
-What is about the candle information/PA in the small timeframes -- like m5 and m15-
-upper wicks-
-constrainments against the prefered trend?



It´s a lot to learn but keep it as simple as possible - to learn how the market moves.

I also was long invested.. got screwed-- and then I followed the money to the round number.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDcM5.png Size: 21 KB
Risiko birgt immer auch die Chance.
  • #13,876
  • Edited 6:45pm Jul 31, 2018 12:46pm | Edited 6:45pm
Quoting Sesamstrasse
{quote} I just can say: As cleaner the chart is , as better the market is to read. All your MA´s from higher TF´s -- Can YOU read them? -What means flat- -First touch or second?? -What is about the candle information/PA in the small timeframes -- like m5 and m15- -upper wicks- -constrainments against the prefered trend? It´s a lot to learn but keep it as simple as possible - to learn how the market moves.
Hi Sesamstrasse.
Thanks for comment, my main tf is 15 min with MAs as by the rules, the rest of the TF are just for fine tuning.
  • #13,877
  • Aug 1, 2018 1:40am Aug 1, 2018 1:40am
Quoting Chrobakx
{quote} Hi Sesamstrasse. Thanks for comment, my main tf is 15 min with MAs as by the rules, the rest of the TF are just for fine tuning.
Good morning.
Wasn t my intention to upset you.
Trade well.

Guido
Risiko birgt immer auch die Chance.
  • #13,878
  • Aug 1, 2018 1:47am Aug 1, 2018 1:47am
Quoting Sesamstrasse
{quote} Good morning. Wasn't my intention to upset you. Trade well. Guido
Good morning

I'm not upset at all. I'm still trying settle with it and adjust it with template and MAs. I appreciated your comment.
Thank you.
  • #13,879
  • Aug 1, 2018 5:12am Aug 1, 2018 5:12am
How do we determine earlier when the market enter into a range? This is one of my major challenge with this system.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #13,880
  • Aug 1, 2018 6:42am Aug 1, 2018 6:42am
Quoting ejiexe
How do we determine earlier when the market enter into a range? This is one of my major challenge with this system.
Flat MA´s.. timing..
Risiko birgt immer auch die Chance.
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